Coupang financial units come under scrutiny as Seoul widens probe

SEOUL, January 11 (AJP) -South Korean regulators are moving to investigate Coupang’s financial units as part of pan-government scrutiny following the country’s largest-ever data leak, amid criticism over what is seen as a lack of response from the company’s U.S.-based headquarters as its customer base remains largely intact. The Financial Supervisory Service (FSS) will begin parallel

Despite equally chip-strong, South Korea overtaken by Taiwan in per capita GDP

SEOUL, January 11 (AJP) Stronger economic growth and a stable currency allowed Taiwan to overtake South Korea in per capita gross domestic product last year, with the gap expected to persist this year, according to government data and economic forecasts released Sunday. South Korea’s per capita GDP in 2025 is estimated at $36,107, down 0.3 percent from the previous year, marking its first decline in three

Korean retail investors pile into Samsung Electronics, margin trading hits record high

SEOUL, January 11 (AJP) — South Korean retail investors are piling into Samsung Electronics, snapping up shares sold by foreign investors amid bullish expectations for a memory-chip upcycle driven by rapid adoption of artificial intelligence infrastructure, pushing leveraged trading to record levels. According to the Korea Exchange, individual investors net bought 2.915 trillion won ($2.0 billion)